Are There Better Solutions for Gas, Wallets, and Bridging?

Hey everyone, it’s been a bit since I last chimed in, but I’ve got something interesting to discuss and I wanna hear what you all think. Nowadays, digging up some solid gems on DEXs isn't as risky as it used to be. We've got things like trading bots, user-friendly web3 wallets, and analytical tools from projects like Arkham making life easier. Still, there are some headaches when it comes to degening. Issues like security, those pesky gas fees (don’t even get me started), and the complexity of some chains can be a real pain. Plus, bridging costs really add up because of the lack of interoperability. So, can’t we figure out a way to tackle these problems? Just picture a system where we can effortlessly find promising tokens and trade them without all the hassle of tricky wallets, bridging issues, and insane gas fees. I stumbled upon some info recently about combining the security and speed of centralized exchanges with the opportunities found in decentralized ones. For us degens, this sounds like a total dream. So here’s my question: As a trader, would you go for this kind of model (on-chain CEX trading no bridging, quick, secure) instead of the traditional way of hunting for tokens manually (switching wallets, bridging, dealing with high gas fees, etc)? Can’t wait to hear what you guys think.

For now which chain network do you think has high fees? Even ETH which is usually for Bridge costs high is now quite cheap. The presence of L2 with various efforts little by little overcomes the problem but not all are perfect. At least the percentage of scalability problems is starting to decrease, increasingly sophisticated feature updates continue to be developed. I think it is enough to simplify all kinds of transactions but the developers will not stop here and will continue to ensure that this efficiency continues.

It varies depending on the reason and goal. Day trading requires on-chain CEX trading, while some tokens with low liquidity are only traded via bridges, so sometimes you don't have the luxury of choice.

Who doesnt want that? Specially if you've been dealing up with degens with those crosschains then you will definitely be that finding this interoperability will be solving out such headache. Based up on what i have seen or heard that there are already projects about interoperability. Check out the links. https://www.alchemy.com/dapps/best/blockchain-interoperability-tools https://cryptoslate.com/cryptos/interoperability/ https://coinmarketcap.com/view/interoperability/ About bridging and swap fees, then get used to it. Its expensive depending on the chain you are dealing with and there's nothing we can do it for now. Usually using up rhino.fi or owlto.

It's true, but more needs to be done for efficiency imo. Thanks for the suggestions, I'll check them out. Since dropping this thread, I did some research and found something interesting or similar. Anyways I'll attend a space where the feature would be explained tomorrow. But ngl onchain on a cex definitely looks good https://x.com/bitgetglobal/status/1909971283754025189?s=19

Thats actually been happening on the side of dec whereas crosschain swapping is imminent or been utilized. But Ive been looking for a platform that can do swap for example youre in solana network and swap on eth of that same tokens. Technically its quite confusing but I find a platform building with this, they are called Printrrr, yeah the name sounds cliche but they are a dex with such resemblance with pumpfun and backed by sui and Axelar network. Waiting for the progress of their platform.

On-chain CEX? Sound scary and unrealistic. When you are trading on the DEX, you have to face the difficulties, of course. That's why it's Dex and everything is secure. If you feel gas fees, etc., are harassing, then you need to move on to CEX. Find which CEX is trading your desired tokens. Because on-chain CEX won't happen ever. When it's on chain, then everything will be on chain, including your transaction, meaning you have to spend gas fees as well. You have to drop the idea and move on, CEX. Keep in mind CEX aren't safer options for storing your funds. But with Dex trading, you are safe and holding funds in your own wallet.

I always trade on CEX for newly listed coin or for degening, because I always overthinking about accidentally interacting with malicious contract. I don't ever trust most of interoperability protocol and always refuse to allow maximum spending allowance to the token contract for their address. however, with that said, interoperability across blockchains is more accessible than it ever was, only need few second to bridge with something like layerzero and they also have feature to supply gas to the other side of the blockchain as well. I don't really see it as a headache, at least from me, CEX or DEX doesn't really matter, all of them has been pretty convenient these days.

With DEX, you are able to use non custodial wallets, that are always recommended, for your trading or storage. It's safer practice with your money than storing your cryptocurrency in accounts on CEX where you don't control your coins without mnemonic seed or private key. The disadvantage is on-chain transaction fees for swap, bridge and so on, you must be afford to pay on chain transaction fee and should not feel fearful with it, and sacrifice your fund control by using CEX. Make sure you don't interact with many tokens, grey airdrop tokens because they are scam and can still your wallet fund. Revoke smart contract to be safe. https://coinmarketcap.com/academy/article/3-minute-tips-how-to-revoke-token-approval-following-opensea-s-latest-security-episode https://etherscan.io/tokenapprovalchecker https://revoke.cash/ https://app.unrekt.net/

This is not even what requires to seek for the opine of Degen, DeFi or DEX traders_this is like a torn taken out of our flesh like seriously__in quest to maneuver the tedious process of navigating between chains, I joined some other CEX on-chain services but I had a problem of setting up web3 wallet; which was another stress on its own. I just hopped into one CEX platforms newly product__just in doubt though, seeing all CEX onchain trading are similar but🥹—the Bitget onchain trading came in a different fashion; no need for the connection of wallets, trades are carried out directly from your already existing spot account__pretty low fees and easy access to the market… These is really helpful bro!!

People have been working on retail-friendly platforms. A recent successful one was Moonshot — ultra dumbed down, but with high fees and with KYC(if I remember correctly). On-chain ones are ChainPro.xyz and Azura.xyz.

Non custodial wallet only true in a simple DEX where what you're doing is just token swap. In advanced DEX like hyperliquid that provide derivatives, you're gonna deposit your money in their contract and this means 3rd party custody with all the on-chain risks. But the good thing is that, I rarely heard people's money getting frozen out of the blue by these DEX so I guess that counts.

There are already quite a number of these aggregators. I mean, even Uniswap (latest version) kind of works as an aggregator now right? 1inch being the most famous, but I used to see others even better. No need to bridge, no need to have TRX or ETH for gas, just select network, if you don't have the gas, it buys it for you and uses whatever balance you have to swap. So this was already like 2 years ago at least, I haven't used the scene in a while, has things gone backwards now??

With the way you put that link and your profile info, I get the feeling that you're trying to promote a product that you like. Well, nothing is wrong with that unless you trick people, I guess. Personally, I believe this integration of CEX easy liquidity and DEX security or whatever is a common marketing product for years now. Judging from how people still think this is novel, I guess the previous ones failed at delivering a good experience to its users. Not to mention, there are so many web3 tools nowadays to improve liquidity, bridging, etc.

If they implement that, I think those efforts would be rewarded with reduced gas fees and no need for bridging. I think the simplified approach and interoperability would be suitable for making it usable. I don't know. There are still things to do to improve, but it's a good start.

The idea of ​​combining CEX and DEX has been heard a lot in the last few months, whether from the same people (shillers) or not. I just remember the old DEX model that wasn't implemented AMM like etherdelta and forkdelta, because iirc users only need to deposit and withdraw assets to the smartcontract once with tx fees, then users can trade as many times as they want without fees. I don't know if they want to revive those such old DEX model, although afaik there has never been a case of smartcontract exploitation, what is clear is that it is no longer a new innovation.

If im not mistaken, there's already platform where they handle swapping interchain, they use something like hyperlane, or layer under the hood to abstract away the complexity. However, slippage is usually big and route to new meme coin might not exist. I still wonder though why big exchange still refuse to provide interchain swapping because the fact that there's new blockchains every week, interchain swap become more urgent. Something like jupiter or raydium can easily partner with those interchain project and get things done easily.

The orientation of CEX is to make users as comfortable as possible to hold their funds for a long time or do a lot of activities on the platform. With that they make more profit. Moreover, some cex also provide their web3 services like okx or trustwallet belongs to binance including interchain swap with a mechanism like DEX in general.

Well it's been implemented already and Ive been testing. This is my latest trade. It's even 4x now. . Had some success with previous trades. It's so easy to use and supports base, sol and BNB ecosystems for now. I'm hoping sui is implemented though..